Economy

Sarangi said MNRE is looking for sustained support for flagship schemes such as PM Kusum and PM Surya Ghar, which have driven decentralised renewable adoption, especially in rural India.

The Lincoln is accompanied by three Arleigh Burke-class guided missile destroyers - USS Spruance, USS Michael Murphy and the USS Frank E. Petersen Jr.

Carney has quickly worked to thaw Canada-India relations and is planning a visit to the country early this year. Energy Minister Tim Hodgson is traveling to Goa next week for India Energy Week. The enthusiasm marks a striking turnaround after Carneys predecessor, Justin Trudeau, accused Indian diplomats of backingharassmentand violence against Canadians — claims bac...

Investors are pouring cash intoemerging-market fundsat a record pace as momentum builds for a rotation out of US holdings. Its sent the EM stocks gauge to a record high.

The executives at Davos 2026 said Europe risks being left behind in many of the industries of the future.

Talking to reporters about the India Energy Week starting in Goa on Jan. 27, Oil Minister Hardeep Singh Puri said India has diversified its energy sourcing strategy, with the country now buying crude oil - which is processed in refineries and turned into fuels like petrol and diesel - from 41 countries, up from 27, allowing market dynamics to guide key decisions.

In a letter to Vice-President CP Radhakrishnan, Apparel Export Promotion Council Chairman A Sakthivel said necessary action and support are required for the vibrant apparel garment industry.

With India graduating from 12 major product categories, approximately 1.66 billion euros of trade will lose these tariff advantages, while 11.24 billion euros will continue to qualify, the Ministry of Commerce said.

This was mainly due to large investments in services and manufacturing, supported by policies aimed at integrating the country into global supply chains, the UN said.

FY 2022-23 has been chosen as the base year of new series and the estimates of new series are scheduled to be released on Feb. 27, 2026.

The reserves climbed to an all-time high of $704.89 billion in September 2024, but have been under pressure lately, especially as the currency buffers get deployed to check undue volatilities in the rupee.

The WEF also announced the launch of new skills and education accelerators in India and Jordan, strengthening a global network of 45 national accelerators that have collectively supported 14.8 million people.

Forex traders said the Indian rupee gave up early gains and hit a record low of 91.99 per US dollar in intraday trade due to weak domestic markets and persistent foreign fund outflows.

At the World Economic Forum in Davos, business leaders as well as ministers spoke about India’s reforms and growth strategies.

Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on an unorthodox day of the week, being Sunday, Feb. 01, 2026.

On the wider global backdrop, Georgieva acknowledged that recent easing of certain geopolitical risks-particularly around tariffs-had buoyed markets.

Trump says his readiness to use tariffs has helped the US win trade concessions and access to critical minerals, and settle conflicts around the globe.

West Texas Intermediate held near $60 a barrel, headed for a fifth weekly gain. Brent crude closed near $64.

Bhaskar Katamneni, the secretary to the government of Andhra Pradesh, also spoke of how the state is utilising its 1,000 km of coastline for economic purposes.

The report showed one of the strongest back-to-back quarters for growth since 2021, when the economy was still recovering from the pandemic.